KUALA LUMPUR (Dec 20): Here is a brief recap of some corporate announcements that made news on Tuesday (Dec 20), involving Scomi Group Bhd, UWC Bhd, Poh Kong Holdings Bhd, Opcom Holdings Bhd, PBA Holdings Bhd, JAKS Resources Bhd, TDM Bhd, GIIB Holdings Bhd, Citaglobal Bhd and Malaysia Airports Holdings Bhd (MAHB).
KUALA LUMPUR (Aug 9): TDM Bhd’s 93.75%-owned Indonesian subsidiary has lost a legal battle to the Ministry of Environment and Forestry of Indonesia in relation to a fire incident in 2019 at its land in the West Kalimantan province. Its subsidiary, PT Rafi Kamajaya Abadi, which TDM is in the midst of divesting its entire interest in, has been ordered by Court of Sintang to pay a compensation of IDR270.81 billion (about RM81.24 million) for the environmental loss to the National Account of Indonesia.